Question

a company has net working capital of 661. long term debt is $4024, total assets are $6,129, and fixed assets are $3,894. what is the amount of total liabilities

Answer 1

Answer:

$5,598

Explanation:

The computation is shown below:

As we know that

Total assets = fixed assets + current assets

$6,129 = $3,894 + current assets

The current asset is $2,235

Now

net working capital = Current asset - current liabilities

$661 = $2,235 - current liabilities

So, the current liabilities is $1,574

Now the total liabilities is

= Current liabilities + long term liabilities

= $1,574 + $4,024

= $5,598

Hence, the total liabilities is $5,598